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Latest Stock Market News
Latest Stock Market News
03:29am, Monday, Jul 22, 2024
Dolce & Gabbana explores fresh investment avenues, hints at potential stock market debut. CEO Alfonso Dolce emphasizes commitment to ethical growth amid robust revenue growth of 17% (€1.871B). Expanding in the US with 12 new stores, they signal promising investor prospects.
08:29am, Friday, Jul 19, 2024
Friday Markets: Stocks fell as tech shares dropped, businesses faced a major IT outage, Netflix exceeded earnings expectations, and AmEx raised its profit forecast.
04:00am, Friday, Jul 19, 2024
Major U.S. airlines, including American (AAL), Delta (DAL), and United (UAL), faced temporary grounding due to communication issues after Microsoft (MSFT) resolved a cloud service outage. Low-cost carriers, like Allegiant (ALGT) and Frontier, also experienced related disruptions.
03:13am, Friday, Jul 19, 2024
Hawaiian Electric Industries Inc. (NYSE: HE) faces a proposed $4 billion settlement over 2023 Maui wildfires lawsuits. The utility will contribute $1.5 billion, with other parties also paying. HE shares surged 51% to $19.20. Final judicial approval is pending.
03:11am, Friday, Jul 19, 2024
Schindler (SIX: SCHP) experienced a Q2 order intake dip to 2.98 billion Swiss francs, mainly due to a sluggish Chinese construction sector. Despite this, orders slightly exceeded expectations. Growth in service and modernization offset weak new installations in Asia-Pacific, excluding China. Posi...
03:08am, Friday, Jul 19, 2024
Charles Schwab (NYSE: SCHW) faced a tough week as its stock dipped following an earnings report and suspension of share buybacks to reduce debt. The company reported slightly better adjusted EPS of $0.73 but missed revenue targets. With investors wary and CFO Peter Crawford pinning hopes on futur...
03:04am, Friday, Jul 19, 2024
Microsoft (NASDAQ: MSFT) faced a significant disruption to its Azure and Office 365 services, grounding flights of Frontier and Sun Country Airlines. The issue, caused by a configuration change in Azure, continues to affect Microsoft 365 apps. Traders should monitor MSFT stock closely.
03:03am, Friday, Jul 19, 2024
Swedish defence firm Saab (STO: SAAB) posted a 25% rise in Q2 operating profit, surpassing expectations with 1.33B crowns ($125M). Driven by a record 176% surge in order bookings and growing global defence demands, Saab forecasts 15-20% organic sales growth for 2023.
08:36am, Thursday, Jul 18, 2024
Nasdaq sees worst drop since 2022; ECB holds rates steady, but United Airlines' Q2 profit surges with strong international travel demand
08:19am, Thursday, Jul 18, 2024
Ford pivots Oakville Assembly from EVs to F-Series Super Duty trucks, delaying electric SUV launch to 2027 amid slower EV demand growth.
05:02am, Thursday, Jul 18, 2024
Ray Dalio's Bridgewater Associates has notably increased its holding in Nvidia (NASDAQ: NVDA), doubling its position to 7 million shares, now worth over $600 million. With Nvidia leading AI advancements and showing strong fundamentals, this strategic move underscores Bridgewater's bullish outlook...
04:59am, Thursday, Jul 18, 2024
QuantumScape Inc. (NYSE: QS) saw a stark 29.2% decline in early 2024 but rebounded 78% in July, with a year-to-date gain of 27%. Key drivers include a new deal with Volkswagen's PowerCo and advancements in their solid-state battery tech. Financially strong, the company is set for future growth. ??
04:53am, Thursday, Jul 18, 2024
Kinder Morgan (NYSE: KMI) faced a challenging Q2, with higher costs and weak CO2 performance contributing to a revenue miss at $3.57B, falling short of analysts' $4.13B forecast. Despite a 6.3% drop in CO2 core profit and earnings missing estimates, the company is optimistic about future natural ...
04:48am, Thursday, Jul 18, 2024
Nokia (NYSE: NOK) reported a 32% drop in Q2 operating profit due to weak 5G equipment demand, with profits falling to €423M compared to €619M last year. CEO Pekka Lundmark remains cautiously optimistic for H2, maintaining the full-year outlook. Follow Nokia closely for potential recovery.
04:44am, Thursday, Jul 18, 2024
Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) has raised its Q3 revenue forecast by up to 34%, fueled by high AI-driven semiconductor demand. Q2 profit surged to T$247.8 billion, surpassing expectations. Revenue jumped 33% to $20.8 billion, with a robust Q3 outlook of $22.4-$23.2 billion.
04:38am, Thursday, Jul 18, 2024
United Airlines (UAL) missed market expectations in Q2, posting $14.99B in revenue, short of the $15.11B forecast. However, a 4.8% drop in CASM and an EPS of $4.14, slightly above estimates, reflect operational efficiency. Q3 guidance ($2.75-$3.25 EPS) lags behind expectations, but UAL remains op...
09:00am, Wednesday, Jul 17, 2024
Johnson & Johnson (NYSE: JNJ) surpasses Q2 estimates with $2.82 EPS and $22.45B revenue, raising the full-year 2024 outlook. Shares rise 2.1% on strong performance.
07:51am, Wednesday, Jul 17, 2024
Essential insights for Wednesday: Dow hits record highs, rate cut anticipated, Amazon Prime Day sales surge, and crude prices rise due to tight U.S. supplies.
04:28am, Wednesday, Jul 17, 2024
EssilorLuxottica (EPA: EL) announces strategic acquisitions of Supreme for $1.5B from VF Corporation (NYSE: VFC) and an 80% stake in Heidelberg Engineering. The moves aim to diversify its market presence in fashion and ophthalmology, creating new revenue streams and investment opportunities.
04:21am, Wednesday, Jul 17, 2024
Donald Trump's recent comments on Taiwan's defense obligations triggered a 2.4% dip in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares. Amid heightened geopolitical tensions with China and U.S. support intricacies, traders eye TSMC closely.
04:16am, Wednesday, Jul 17, 2024
HSBC Holdings Plc (LSE: HSBC) appoints Georges Elhedery as CEO, succeeding Noel Quinn effective September 2. Elhedery, former CFO and leader of the bank's Global Banking and Markets division, aims for sustainable growth. Investors await HSBC's annual results on July 31.
04:09am, Wednesday, Jul 17, 2024
Adidas (OTC: ADDYY) shares surged 5% to a two-year high after revising its annual forecast upward, driven by strong Q2 results and popular terrace Originals lines among U.S. consumers. Shares hit 239 euros, recording the largest single-day gain in three months. Puma (ETR: PUM) also benefited, ris...
10:02am, Tuesday, Jul 16, 2024
U.S. stocks climbed Tuesday, buoyed by optimism over possible rate cuts despite stagnant June retail sales. Dow gained 235 points, S&P 500 up by 18 points, and NASDAQ rose 70 points. Bank of America shares surged 3% on strong earnings, while Morgan Stanley and Charles Schwab dipped. Match Group j...
09:53am, Tuesday, Jul 16, 2024
Morgan Stanley (NYSE: MS) beats Q2 earnings and revenue estimates, driven by strong trading and investment banking performance, despite wealth management challenges.
04:14am, Tuesday, Jul 16, 2024
Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) are emerging AI chip contenders. Broadcom’s transformative acquisitions bolster its revenue and AI market presence, projecting $11B in AI chip revenue for 2024. Meanwhile, Marvell focuses on DPUs and data centers, expecting AI revenue ...
04:13am, Tuesday, Jul 16, 2024
ASML (AMS: ASML) will reveal its Q2 results this Wednesday, amidst high expectations of new AI chip orders. Led by new CEO Christophe Fouquet, the company may upwardly revise guidance. Analysts predict net income of €1.41B on revenues of €6.04B, driven by demand from major clients like TSMC. With...
04:06am, Tuesday, Jul 16, 2024
Rio Tinto's (NYSE: RIO) Q2 iron ore shipments fell short due to a mid-May train derailment, shipping 80.3 Mt from Pilbara. Shares dropped 2.6% amidst Chinese stimulus optimism helping iron ore prices. Rio maintains its annual forecast and reports a 10% increase in copper production.
04:03am, Tuesday, Jul 16, 2024
Analysts anticipate Interactive Brokers (NASDAQ: IBKR) Q2 earnings of $1.69 per share, reflecting a 28% increase YoY. Key metrics and forecasts analyzed.
08:50am, Monday, Jul 15, 2024
Dow surpasses 40,000, Google considers a major acquisition, earnings season heats up, and crude prices dip on weak Chinese data in Monday's market recap.
07:28am, Monday, Jul 15, 2024
BlackRock (BLK) hits an unprecedented $10.65 trillion in AUM, driven by ETF inflows and bullish market sentiment. Q2 highlights include an 8% revenue jump to $4.81 billion and $81.57 billion in net inflows. Shares rose 1.2% pre-market.
05:04am, Monday, Jul 15, 2024
Alphabet Inc. (NASDAQ: GOOG) is reportedly in advanced talks to acquire cloud security company Wiz for $23 billion, according to the Wall Street Journal. This move aims to bolster Google Cloud's security offerings. Stay tuned for updates on this significant deal.
05:00am, Monday, Jul 15, 2024
BlackRock (NYSE: BLK) revealed that Thomas Crooks, the gunman who shot former President Trump, appeared in one of its ads. The firm condemned the attack and assured cooperation with authorities. As BlackRock prepares its earnings report, this event may impact its stock value.
04:57am, Monday, Jul 15, 2024
Nvidia's (NASDAQ: NVDA) stock surged 785% in 2023 and 160% YTD, creating both opportunity and risk for investors. Funds with Nvidia enjoy high returns, but concentrated positions pose significant volatility. Analysts foresee modest growth due to competition and valuation concerns.
04:53am, Monday, Jul 15, 2024
Atos (Euronext Paris: ATO) secures $1.82 billion in funding to revamp its debt structure, boosting liquidity. Shares surged 10% to 1.17 euros. The interim financing of 800 million euros ensures operational sustainability. Completion of restructuring expected by 2024/2025.
04:48am, Monday, Jul 15, 2024
Poland's antitrust authority, UOKiK, has hit PayPal Europe (NASDAQ: PYPL) with a fine of 106.6 million zlotys (~$27.3 million) for ambiguous contractual terms. UOKiK claims the vague descriptions of prohibited activities could leave users uncertain and at risk. PayPal may contest the decision. Th...
04:44am, Monday, Jul 15, 2024
Trump Media & Technology Group Corp (NASDAQ: DJT) shares surged 60% in premarket trading following a shocking assassination attempt on former President Donald Trump. The DJT stock rise could elevate its market value from $5.87 billion to an estimated $9.5 billion.
04:41am, Monday, Jul 15, 2024
Burberry (LSE: BRBY) appoints Joshua Schulman as CEO amid profit warning and dividend cancellation. Schulman, former CEO of Michael Kors, brings over 24 years of executive experience in fashion. His strategic vision and cost-cutting measures will be critical for Burberry’s future.
08:54am, Friday, Jul 12, 2024
Citi (NYSE: C) reported a robust second quarter, with investment banking revenue surging 60% and total revenue rising 4% to $20.1 billion, driven by gains from Visa stock sales. Net earnings reached $3.2 billion or $1.52 per share, up from $2.9 billion last year. CEO Jane Fraser's reform plan aim...
03:35am, Friday, Jul 12, 2024
The 'Warren Buffett Indicator' alarm sounds as stock market levels exceed the Dot-Com Bubble and Great Financial Crisis peaks. Currently at 195%, the indicator suggests overvaluation. Despite higher interest rates, robust earnings projections keep investors optimistic about major tech stocks.
